BLS eyes Q4 earnings growth for SETListen to this articleListed Thai companies are expected to post solid year-on-year earnings growth in the fourth quarter of 2025, with momentum likely to continue into the first quarter of 2026, even as political uncertainty weighs on market sentiment, says Bualuang Securities (BLS). Excluding one-off items, BLS estimates core profit for the SET to increase 11% year-on-year and 1% quarter-on-quarter during the period. Packaging companies are expected to post earnings growth, supported by sales expansion and lower raw material costs. In the hotel sector, earnings momentum is expected to diverge by operator, reflecting variations in revenue per available room. A buy-on-dips strategy with selective sector rotation is recommended by BLS, focusing on stocks with clear earnings visibility from the fourth quarter to the first quarter of 2026.

Source: Bangkok Post January 25, 2026 23:34 UTC